Rutland Holdings, parent company of Rutland Plastic Technologies Inc. of Pineville, has agreed to acquire the stock of Union Ink Co. Financial terms of the agreement weren't disclosed.
Union Ink is based in New Jersey and has operations in England. The company markets technology to the textile screen-printing market.
Rutland Plastic, which operates an 80,000-square-foot plant in Pineville, makes inks used in the screen-printing industry and products used in automotive filtration.
Rutland Holdings, also based in Pineville, is a portfolio company of HSBC Capital (USA) Inc., which manages more than $500 million in private equity capital.